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Is 2020's "DeFi mania" the next evolution of financial markets?
27.8.2020
This year’s DeFi growth may become the defining crypto event of 2020. But what does a “DeFi mania” actually mean?
Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor
26.8.2020
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. The abrupt...
PrimeXBT Research: Financial Markets Show Mixed Performance As Economy Reopens
29.5.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Across all financial markets, there are early signs that an economic recovery is slowly underway. Lockdown conditions are finally easing, and across the globe, people are getting back to work and business...
Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, Miners
3.4.2020
The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will...
Bitcoin Reacts to Fed’s 0% Rate Drop, Reserve Requirements Removed, $700B in Stimulus
16.3.2020
On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to the rate cut, the Fed promised $700 billion in bond purchases and eliminated all reserve requirements for smaller financial institutions. However, the Fed’s rate...
Crypto Firms Can Now Apply for a License in France
26.12.2019
The license is optional for crypto firms operating in France, but firms can use the license in marketing themselves to institutional clients
France Approves First ICO
19.12.2019
The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has made its first initial coin offering (ICO) approval. While token sales remain legal as a fundraising option in France, only those that have been approved by the AMF may be marketed directly to...
NY Fed Ploughs in $53 Billion to Save Overnight Lending Market Amid Turmoil in Financial Markets
18.9.2019
As everyone knows, easy availability of credit at favorable rates of interest is one of the backbones of the trading ecosystem in Wall Street. Hence, if there is a slight rise or any kind of fluctuation in that rate of short term borrowing, then the entire structure enters a risky zone. Every...
Bitcoin Outshines Gold Amid Risk Aversion in Financial Markets
8.8.2019
Bitcoin is outperforming gold amid heightened uncertainty in the global markets. The world’s most valuable cryptocurrency is currently trading at $11,700, representing 16 percent gains on a month-to-date basis. Meanwhile, gold, the traditional safe-haven asset, has added 6 percent this month....
Currency War Erupts as US and China Bring Out the Big Guns
6.8.2019
What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people...
Deutsche Bank Collapse Could Crash Global Financial Markets
21.7.2019
German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of...
Zcash (ZEC) Price Analysis: Will Zcash Change The Financial Markets Scenario?
13.5.2019
Aims to work towards a complete makeover of Global Financial Markets. Launch of Zcash’s hard fork expected to be a major factor in its future growth prospects. Circulating supply is at 6,520,994 ZEC. Has one of the best privacy features among blockchain platforms. The launch of Zcash hard fork...